60 pips down...
50 pips up.. That was nasty...
Sonic
50 pips up.. That was nasty...
Sonic
Attached Image (click to enlarge)
- #18,944
- Apr 1, 2011 11:53pm Apr 1, 2011 11:53pm
- | Commercial User | Joined Mar 2008 | 9,069 Posts
I am seeing, Euro might go up..
Sonic
Euro does go up.. in NFP style..
Sonic
- #18,946
- Edited 3:57am Apr 2, 2011 3:42am | Edited 3:57am
- | Joined Jan 2011 | Status: Just a trader of trades ... (5 | 1,439 Posts
Euro does go up.. in NFP style..
Sonic
iīm long in GBPUSD - you are great sonicenigma4x
enjoy my life ... and ride the waves - all what I do
- #18,947
- Apr 2, 2011 3:55am Apr 2, 2011 3:55am
- | Joined Jan 2011 | Status: Just a trader of trades ... (5 | 1,439 Posts
UChf:
55 pips profit on this SonicR long trade, which closed as I slept.
enjoy my life ... and ride the waves - all what I do
- #18,949
- Edited Apr 4, 2011 1:49am Apr 3, 2011 10:17am | Edited Apr 4, 2011 1:49am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
- #18,950
- Apr 3, 2011 10:23am Apr 3, 2011 10:23am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hello!
I wanna thanks Sonic and TAH for sharing this method, is simple and effective!
It's been two days since ive seen this thread, and today ive made my first trade (under news, ok i'm a dumb)
I've entered at 1.4142, as picture show.. is that a correct entry AND is the approach to the method correct ?
BTW i've closed 30% of the lot at DS1 (what "D" stand for?), the rest is still open.. live trade, not demo!
Sorry for the bad english, i am from Italy
Give full credit to Sonicdeejay for this thread. It is his. And he is the Master of the method!
Yes, your approach and entry were correct. The "D" in DS1 refers to the fact that the pivots shown are Daily formula pivots, in contrast to Fibonacci formula pivots.
Since you are from Italy, when you hit your first profit target goal, you are encouraged to send the rest of we Sonikers a round of pizzas!
Regards,
-tah
- #18,951
- Edited 11:47am Apr 3, 2011 11:00am | Edited 11:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Bias: Slightly Bullish
Next stop: 1.445x level
Resistance: 1.405x level
We had a big swing week. It was almost an down week but NFP friday changes it all...
After the news, it plunge down to 1.405x lvl bounce up to the almost High of the week...
I am slightly bullish for upcoming week...
Sonic
1. Volume Climax Up (red)
2. Volume Climax Down (Black)
3. High Churning (Green)
4. Low volume (Yellow or Orange)
Which of these signs, or combination of signs, are you attracted to such that you are using this indicator?
On my attached chart I am showing a possible new SonicR Volume Analysis indicator, as well as an improved "BetterVolume" indicator, which I am temporarily naming the Volume Analysis indicator. After viewing some various charts using both the exisitng SonicR Volume indy and the BetterVolume indy, I noted that one interesting combination of volume bars that may have relatively consistent importance. When SonicR Volume shows a tall candle (+2x avg) and that is shortly followed by a BetterVolume High Churn candle (green) it looks like a fairly reliable indication that:
1. The run is soon over, if the bars seqence occurs after a move has already been running for a while. Or,
2. A new move is coming, if the bar sequence occurs after price has already been ranging for a while.
The high churn candle can reflect either profit taking at the end of a move, or it can reflect the accumulation of a position ahead of a forthcoming move. The combination of the "+2x" candle and the High Churn candle might be useful to signal it is time to exit a trade which was entered on the current move. It might also be useful to signal that a new move is forthcoming, if PA is currently ranging.
Therefore, I have worked up the SonicR Volume Analysis indy. This shows +2x avg volume bars (blue) and high churn bars (red). You can see when high volume is closely followed by high churn, that price soon stopped a move being made, or made a move off of ranging..
I'd appreciate your response to my questions as to why you use "BetterVolumes". And I'd appreciate your comments/suggestions about the validity of where I might be headed concerning the possible new SonicR Volume Analysis indicator. If you believe there are some aspects of "BetterVolume" that are of real value, and others that are not, then possibly I can come up with an indicator that just depicts what you believe is most valid; an indicator that is easier to read and less confusing. On the other hand, if you believe the "BetterVolume" display is ok as is, we can all go with that. But it would be best if we all knew your thinking on what we should be looking for in it's display.
With Appreciation,
-tah
- #18,952
- Edited 1:19pm Apr 3, 2011 1:06pm | Edited 1:19pm
- | Joined Jan 2011 | Status: Just a trader of trades ... (5 | 1,439 Posts
Sonicdeejay, I would like to know what aspects of "BetterVolumes" you pay most attention to. Basically, it shows:
1. Volume Climax Up (red)
2. Volume Climax Down (Black)
3. High Churning (Green)
4. Low volume (Yellow or Orange)
Which of these signs, or combination of signs, are you attracted to such that you are using this indicator?
On my attached chart I am showing a possible new SonicR Volume Analysis indicator, as well as an improved "BetterVolume" indicator, which I am temporarily naming the Volume Analysis indicator. After viewing some...
Iīm not sonic
, but he posted this some times ago ...http://www.forexfactory.com/showthread.php?p=2937867
for me it is a tool, I canīt trade without them. it helps me to analyse the background.
1. Volume Climax Up (red) -> (Inbalance between Supply & Demand)
2. Volume Climax Down (Black) -> (Inbalance between Supply & Demand)
3. High Churning (Green) -> (possible Tops and Buttoms -> Volume Climax Up + High Churning -> possible Top -> stopping Volume)
4. Low volume (Yellow or Orange) -> perfect to find (Lack of Demands or Supply) or great Entrys after a shake out and ....
Iīm not sonic ...
great question
Iīm very curious about sonic answer.may it helps a little bit.
enigma4x
p.s. be carefull - donīt forget it is an OTC game - no central volume
enjoy my life ... and ride the waves - all what I do
- #18,953
- Edited 3:18pm Apr 3, 2011 2:42pm | Edited 3:18pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hi TAH,
Iīm not sonic
http://www.forexfactory.com/showthread.php?p=2937867
for me it is a tool, I canīt trade without them. it helps me to analyse the background.
1. Volume Climax Up (red) -> (Inbalance between Supply & Demand)
2. Volume Climax Down (Black) -> (Inbalance between Supply & Demand)
3. High Churning (Green) -> (possible Tops and Buttoms -> Volume Climax Up + High Churning -> possible Top -> stopping Volume)
4. Low volume (Yellow or Orange) -> perfect to find (Lack...
For sure! Not only is it "no central volume", it isn't really "volume" at all! It is only the count of trades processed by the broker during the bar. Each tick includes the new number of trades processed, which are added to those already accumulating for the current bar total. But, there is absolutely no way to tell how small or large any of the trades are! Heck, a very small volume bar (such as you mention as an excellent entry opportunity) might actually be for gadzillions more real currency volume than even some of the tallest volume bars for the whole day!
There is no way such telling data will ever be made available to retail forex traders. So, the count of trades will have to suffice, and at times it does provide clues.
Increasing volume on WAVE leg2 is a strong clue that the WAVE is pointing in the right direction. And perhaps a +2x volume bar followed closely by a high churn bar will prove to be a strong clue that a run is over (if PA has been moving), or that a run is soon coming (if PA is ranging).
So, let's see if Sonic has more details to provide in all of this.
- #18,954
- Apr 3, 2011 3:27pm Apr 3, 2011 3:27pm
- | Joined Jan 2011 | Status: Just a trader of trades ... (5 | 1,439 Posts
... it isn't really "volume" at all! It is only the count of trades processed by the broker during the bar. Each tick includes the new number of trades processed, which are added to those already accumulating for the current bar total.
- interesting enigma4x
enjoy my life ... and ride the waves - all what I do
- #18,956
- Apr 3, 2011 5:32pm Apr 3, 2011 5:32pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #18,958
- Apr 4, 2011 3:40am Apr 4, 2011 3:40am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #18,959
- Apr 4, 2011 3:43am Apr 4, 2011 3:43am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
